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Georgia Issues Bulletin Regarding Unauthorized Fees

GA | The Georgia Office of Commissioner of Insurance and Safety Fire has issued Bulletin 24-EX-7. This bulletin addresses the same issue which is referenced in Directive 22-EX-4, and therefore this bulletin is meant to supersede and replace that of Directive 22-EX-4. It has come to the attention of the Commissioner that surplus line insurers […]

Virginia Issues Administrative Letter Concerning the Use of AI Systems

VA | The Virginia Bureau of Insurance has issued Administrative Letter 2024-01 reminding all companies licensed to conduct the business of insurance in the Commonwealth that decisions, conduct, or actions impacting consumers that are made or supported by advanced analytical and computational technologies, including Artificial Intelligence (“Al”) Systems, must comply with all applicable insurance laws […]

Maryland Issues Bulletin Concerning Protections After Loss or Damage to Property

MD | The Maryland Insurance Administration has issued Bulletin 24-18 to provide notice of and guidance concerning prohibitions and requirements established in 2024 Maryland Laws Ch. 826. This law is codified at §§ 10–411(h), 10-414(e)-(f), and 27-407.2,1 and will become effective on October 1, 2024. Continue reading.

New York Issues Notice Regarding Crowdstrike Global Outage

NY | During this global technology outage, the Department is monitoring institutions, market events, and collaborating closely with other state and federal regulators to protect consumers, ensure the health of the entities we regulate, and preserve the stability of the global financial system. Continue reading.

Texas Issues Bulletin Regarding Hurricane Beryl – Property and Casualty Claims Handling

TX | Acting Governor Dan Patrick issued a disaster declaration in response to Hurricane Beryl. Damage and evacuations caused by the disaster might mean people were displaced from their homes and jobs. The acting governor authorized the use of all available state and local government resources necessary to cope with the disaster. (Government Code Section […]

Illinois Workers’ Compensation Commission Operations Fund Surcharge

IL | The Illinois Department of Insurance has issued Company Bulletin 2024-14 announcing that the Illinois Workers’ Compensation Commission Operations Fund Surcharge has increased to 1.092% of direct written premium for the surcharge due in 2024 and thereafter. Click here to continue reading.